Wow! That is seriously cheap. Sometimes, it's a bummer to see people under-pricing, because then it means that many of the rest of us have to follow suit if we want to compete, and that often means making no profit.

I wonder, though, if this seller is just using a really cheap craft felt? That might be part of the reason for the cheap pricing, and if you were to offer a nicer felt, such as Holland felt, you can call that out in your item description and justify the pricing.